Thursday, June 24, 2021

South African Brothers Vanish (also $3.6 billion in bitcoin)

Some suspect the two vanishings may be related.

From CNBCAfrica:

Two South African brothers have allegedly vanished with bitcoin worth $3.6 billion in client funds after claiming their trading system was hacked.

Johannesburg-based news website Independent Online (IOL) said the brothers, owners of crypto currency investment company AfriCrypt, allegedly disappeared with 69,000 bitcoins and are believed to have fled to the United Kingdom. They allegedly told about 20 investors in their company not to tell the police as that would slow the recovery process.

“We regret to inform you that due to the recent breach in our system, client accounts, client wallets and nodes were all compromised,” AfriCrypt said in a statement, according to IOL....

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